TTV Capital closes fourth FinTech fund with $93m

Atlanta-based FinTech investor TTV Capital has closed its fourth fund with $93m.

The fund is more than twice the size of its third fund that closed at $40m in 2013.

TTV Fund IV’s includes a sovereign wealth fund, endowments, foundations, family offices, Invest Georgia and strategic investors among its limited partners.

The firm’s managing partner Gardiner Garrard said: “The TTV team is thrilled to have Fund IV fund raising wrapped up so we can focus all of our attention on building out the rest of the portfolio and helping all of our companies achieve notable revenue growth and scale.”

TTV says it aims to invest in companies democratising enterprise functionality, leveraging modern technology infrastructure, modernising an existing industry or creating a hybrid solution at the intersection of different industries.

It also looks for companies offering SaaS solutions to underserved markets or an enterprise solution that are generating revenue and have customers.

Fund IV has already invested in six FinTech startups: Apruve, Blooom, DefenseStorm, Featurespace, Gro and SmartAsset.

TTV partner Sean Banks said: “Right now the deal flow we are seeing is extraordinary. Because of our team’s experience we can quickly sort through what’s been tried over the past 17 years and has not worked.

“This allows us to efficiently focus on what we believe are the most compelling and lucrative opportunities.”

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